PayTech

International money transfer startup Azimo in integrating its service into Facebook Messenger to allow senders and receivers to connect through the social network of 1.65bn users.

Trustap, a secure payment gateway, has successfully secured $5.5m in Series A funding, bringing its total capital raised to over $9m.

Singapore-based remittances startup Toast has picked up $1.5m in a pre-Series A round led by Aetius Capital. The round also saw contribution from US VC 1776 and financial services firm Pepper Group.

For the Rio Olympics, Visa and Barclaycard are working together to provide all 366 British athletes with wearable payments bands.

TransferGo has partnered with RegTech 100 company Onfido to improve the onboarding process.

Blockchain-enabled financial services platform Coins has scored a fresh $5m in funding. The investment comes from South African web giant Naspers’ investment division Naspers Ventures.

UK FinTech giant Revolut has recorded its first full year of profitability, after it generated £100.3m adjusted EBITDA and £26.3m in profit for 2021.

Digital money platform Uphold has received an $57.5m funding from a group of investors, including Greg Kidd.

Singapore-based soCash has raised $600,000 to let users get cash from shops rather than ATMS. The investment comes from angel backers in the banking and tech industries.

Workforce health management company Collective Health has closed a $110m round of funding to support expansion of its technology platform.